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SharpLink Gaming buys $46.7M in Ethereum, boosting its ETH treasury to over 202,000 coins.

Market News
28 Jun 2026
UToday
View Source
Bullish
pluang ai news

SharpLink Gaming recently acquired about $46.7 million worth of Ethereum, adding 29,195.83 ETH to its holdings at an average price of $1,599.50 per coin. This purchase increases SharpLink's total Ethereum treasury to over 202,000 ETH, valued at roughly $342 million. The company treats Ethereum as a core treasury asset, aiming to benefit from staking rewards and potential long-term growth, reflecting a strategy similar to Michael Saylor's Bitcoin approach. While this exposes SharpLink to Ethereum's price volatility, it positions the company to capitalize on Ethereum's expanding role in decentralized finance and institutional adoption.

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